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Messages - bigt

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1
BitShares PTS / Re: PTS to Register Account?
« on: January 19, 2015, 05:50:59 pm »
Quote from: amixen on January 19, 2015, 10:15:51 am
Hi all,

Can somebody help me to register PTS-account..

Account Key: PTS5H47EVE3ypWXcuUcfzCeQ98idCR8CXV2Bo2RnMsasNvJ9zSctR
Username: amixen

Can you send me 25 PTS.
Thanks a lot!

100 sent

2
BitShares PTS / Re: [BTER] Withdraw and fee
« on: January 05, 2015, 11:05:21 pm »
Quote from: cube on January 05, 2015, 04:50:32 pm
I guess the 20k daily requirement is inherited from the OLD PTS days.  We would make a request for them to increase the daily limit.

Bter is using the PTS dev team's recommendation of 25PTS for each transaction.  The tx fee is to cover some of the expenses by the delegates who volunteer to maintain and secure the network.  Importantly, PTS 2.0 has zero donation, zero inflation, and reduced total supply.

I requested that they raised the limit just before Christmas and got this response:

Dear Sir,
We may adjust the pts daily limit later.
The current low limit is for safety consideration. We may raise it later

Thanks for your patience

Best Regards
Bter.com

... hopefully they'll raise it, the more people request it.

3
General Discussion / Re: You guys don't understand devshares.
« on: December 28, 2014, 06:10:13 pm »
Quote from: nomoreheroes7 on December 28, 2014, 04:20:00 pm
Quote from: cube on December 28, 2014, 03:35:14 pm
Quote from: delulo on December 28, 2014, 03:23:58 pm
..
 +5%
10% AGS 10 % PTS and 80% BTS would make everyone (heavily invested in bts) happy.

I absolutely agree.

Everyone should be heavily invested in BTS. This is the BTS forum, right?

Everyone's investment in BTS should be proportionate to how successful they feel the BTS DAC will be.


People have also invested in AGS and will continue to invest in PTS based on how successful they feel future third party DACs (using the Bitshares protocol) will be. On the understand that the social consensus will mean they should get some stake in those future DACs.


I'm in favour of BTS. However I'm in favour of the free market and competition more. The idea that future Third Party DACs (some of which might be direct competitors of BTS) should feel obliged to sharedrop on another DAC (which is fundamentally all BTS is), is something I'd oppose regardless of my stake in BTS. Any snapshot onto BTS should be completely voluntary (i.e. not part of the social consensus) and the case should be made to developers that it's in their best interests to sharedrop on BTS as well as AGS/ PTS.


I think it's important that the principles of Bitshares should not be compromised because we happen to be believe in BTS and be heavily invested in it.

4
BitShares PTS / Re: To buy or not to buy PTS, that is the question.
« on: December 28, 2014, 09:56:10 am »
Quote from: sumantso on December 27, 2014, 10:22:50 pm
Quote from: bigt on December 27, 2014, 08:42:11 pm
Quote from: davidpbrown on December 27, 2014, 05:47:16 pm
BTS holders will have an interest in any DAC that is a good proposal and BTS will be a large variety of types of interest, so would seem to be the most ideal.
There is a case to be made for Sharedropping on BTS also, I just feel the case for Sharedropping on PTS is more compelling.

By dint of the inflation, PTS is already included in BTs. As such, sharedropping on BTS gets hold of everybody - BTS, PTS & AGS.

Using this logic, PTS & AGS is already 'included' in the Music DAC (at 35%),  thus sharedropping on the Music DAC would achieve the ends of getting hold of PTS holders. However this would only capture PTS holders at the time of those snapshots - PTS is designed to be liquid.


My view is that third party developers would be better served getting a snapshot of PTS holders at a future date. This would better reflect PTS holders with an active interest in third party DACs now, and would enable others interested in getting a stake in a new DAC early to do so in the cleanest manner.


In the end of the day it's a voluntary arrangement, all anyone can do is make the argument. It will be for third party developers to decide.

5
BitShares PTS / Re: To buy or not to buy PTS, that is the question.
« on: December 27, 2014, 08:42:11 pm »
Quote from: davidpbrown on December 27, 2014, 05:47:16 pm
You could buy 1% for 15.3 BTC..
I don't see 10m PTS sell orders at 150 sat or less on the exchanges. There is very little trading or volume at these prices, (which is understandable given (a) it's a bear market for all cryptocurrencies and (b) the uncertainty surrounding PTS). Based on current activity levels, a buy order of 5 BTC at 150 sat would struggle to get filled, let alone 15 BTC. Majority of PTS holders appear to be holding.


Quote from: davidpbrown on December 27, 2014, 05:47:16 pm
BTS holders will have an interest in any DAC that is a good proposal and BTS will be a large variety of types of interest, so would seem to be the most ideal.
There is a case to be made for Sharedropping on BTS also, I just feel the case for Sharedropping on PTS is more compelling.


Quote from: davidpbrown on December 27, 2014, 05:47:16 pm
PTS is a gamble and might just create whales..
Not sure how PTS is any more susceptible to whales than any other crypto-currency.


6
BitShares PTS / Re: To buy or not to buy PTS, that is the question.
« on: December 27, 2014, 08:07:24 pm »
Quote from: merockstar on December 27, 2014, 05:37:50 pm
why do you feel that AGS holders would be less likely to have an active interest in any given new DAC than PTS holders?

I think many AGS holders will have an active interest however PTS has the advantage of being a more liquid market. PTS holders that no longer have an active interest in new DACs can easily cash out and be replaced by others with a greater interest.


I do think there is value in Sharedropping on all three groups (BTS, PTS and AGS). I just feel PTS has the most compelling case. I don't quite follow the argument that suggests PTS should be killed off.



7
BitShares PTS / Re: To buy or not to buy PTS, that is the question.
« on: December 27, 2014, 11:02:05 am »
I usually only check these threads to keep abreast of major Bitshares announcements however I've felt compelled to post on the recent PTS developments.


First off, I'm really happy that PTS has been upgraded to DPOS. The old wallet was a pain to use! I look forward to an OSX release of the new wallet to get my teeth into.


Secondly, I have a message for Third Party Developers:
  • Sharedropping onto PTS is the perfect launchpad for a third party DAC.
  • People like me hold PTS for the sole purpose of getting a stake in new, exciting, innovative DACs.
  • If you wish to target investors and early adopters that will champion the best new DACs, look to PTS.
  • People like me will look to invest in your DAC and stick around for the long haul
  • If your DAC has wider crypto appeal, you will see this will be reflected in the trade price of PTS around the time of your snapshot. Some see this as a negative. However it is the free market responding to the perceived utility of your DAC. The price spike and related interest will only serve to promote your offering to a wider audience.
To my mind there are 3 demographics you may wish to consider Sharedropping to:
  • BTS - holders will be primarily using the BTSX/ VOTE/ DNS offering. They may have an interest in your DAC. But for the majority this interest will be incidental to the main purpose of them holding BTS.
  • AGS - Founder investors, who again may have an interest in your DAC.
  • PTS - 'Liquid' investors. By this I mean, the majority of PTS holders will have an active interest in investing in Third Party DACs, right here and now. At the time of your snapshot, a large portion of PTS will have a very active interest in your DAC.
The beauty of PTS is that should I fall in love with your new DAC, cash out of PTS and go all-in on your new venture - I will be replaced by fresh blood looking to invest in new Third Party DACs.


This is just my perspective and an insight into why I feel PTS is a tremendous and unique proposition in the Bitshares landscape. I hope it not only sticks around but grows stronger.

8
BitShares PTS / Re: To buy or not to buy PTS, that is the question.
« on: December 26, 2014, 11:46:35 am »
Quote from: merockstar on December 25, 2014, 12:26:58 am
Now that the gray area regarding what the social consensus has become, and how PTS relates to that has been clarified I would like to point this thread back to the original topic again.

Do you guys think future developers are likely to honor PTS? Why or why not?

If future developers wish to tap into investors, whose primary interest is investing in new and innovative Bitshares DACs, then they should honour PTS.

To my mind, there is a clear demarcation between BTS (the Invictus 'SuperDAC') and PTS (a mechanism by which people can invest in future 'third party' Bitshares DACs).

My investment in BTS is proportionate to my belief in the success of the BTS DAC.

My investment in PTS is proportionate to my belief that (a) there are/ will be developers out there creating future Bitshares DACs and (b) these developers will target PTS holders with a sharedrop in accordance with the social consensus. They will also target this demographic in the knowledge that PTS holders have a track record of evaluating the value propositions of a variety of Bitshares DACs (e.g. BTS, Music, Play, Sparkle etc.) and taking informed decisions on whether to invest further in their enterprise.

Obviously, developers are (and always have been) free to Sharedrop as they wish. However from what I've read and understood from the posts over the last few months, there is nothing to suggest a change the social consensus. From what I can tell, PTS is not only alive and well but has been upgraded, with most (including the exchanges) accepting the upgrade to DPOS-PTS.

9
General Discussion / Re: Sparkle Snapshot Date Announcement - December 14th
« on: December 15, 2014, 01:32:33 am »
Quote from: sparkles on December 14, 2014, 11:28:22 pm
Quote from: xeroc on December 14, 2014, 11:26:01 pm
Quote from: sparkles on December 14, 2014, 11:15:35 pm
Actually I said exchange sparks belong to the exchange not to the depositors unless the exchange chooses to do otherwise.
... because you cannot force them to do otherwise (read: the "right" thing)  8)

Actually as founder I deem the right thing for the exchange to keep them.  I want the exchange to have financial incentive to list sparks so they can potentially sell them.  I want them to have a stake in the success.   I want people to keep funds off of exchanges.

The 'right thing' for an Exchange to do would be to distribute to PTS depositors.

The financial incentives for an Exchange to list coins is to make commissions off of trades, deposits and withdrawals... and retaining custom.

Any Sparks they retain will be a dividend earned off the back of PTS depositors - not a good look for any Exchange.

Whilst no-one can compel the Exchanges to honour snapshots, I'm surprised to see a founder of a coin positively advocating that Exchanges keep any snapshot of funds deposited in them. The success of Sparkles will be based on people investing in them and widespread adoption, not exchanges listing them.

Also, if Exchanges are invested the 'Bitshares ecosystem,' they do so by proxy. They are provide a service to the people who buy and sell on their Exchanges. If people don't trade, the Exchanges have no interest in the coins and delist them. Coins should look to appeal to the people that will use them, not the institutions that only exist to serve people's needs.

10
General Discussion / Re: WARNING: Withdraw your BitShares PTS from exchanges immediately (12/14 snapshot)
« on: December 12, 2014, 01:38:37 pm »
Will exchanges honor the Sparkles snapshot as well? Would be odd to honor one snapshot but not another happening at the same time.

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